Traingle
Clear Triangle Pattern XLM/USD Stellar (possible breakout)We have had a big move down. The cause of the move down IMO is because money is flowing into BTC after an ATH attempt after the correction last week. (this always seems to affect altcoins, because people pull out their money and FOMO into Bitcoin)
Eventually, when Bitcoin consolidates for a wile, altcoins may pump again as seen before. This not financial advice, just my opinion. When the price breaks out to the upside, I will open a long position. For now I will be watching BTC closely, Cheers✌️💫🚀
DOT : Is This The Dot Com Bubble ? There is a beautiful symmetrical triangle observed on the daily time frame this is backed up by descending volume. If the triangle breaks up I am looking for a 46 percent move to the upside. Along with the break of the triangle, DOT has resistance coming in at $37 and $40. On the other hand if the symmetrical breaks down I will ignore it due to the bullish nature of the markets.
Thank you for reading
Wanchain/USD Symmetric triangleFor my own use.
The symmetric triangle on the Wanchain chart, looking for a resolution very soon. Not much resistance past the $1 resistance so should fly up to $1.5 - otherwise, we could see a drop-down for further consolidation at the $0.70 level.
However with the on going bull run and news of partnership I think we will see a bullish result.
NUUSD , Another Triangle Pattern, the price could break out soonWe have seen multiple triangle patterns break out to the upside this week (see my posts from earlier this week) , causing a big jump in price.
For at least 24h, there has been forming another triangle. I am waiting for the price to break out, first it might test the support of 0.75c.
Not financial advice, cheers✌️💫🚀
USDCAD > Descending Triangle PatternIf you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.
Analysis of #USDCAD
Hello friends,
Here we have a descending triangle pattern, might break soon, for me, there is two way to trade those pattern,
1 -trade the inside of the pattern expecting a breakout and this my favorite as it produces a huge RR usually
2 -trade the breakout after confirmation, this a more conservative way and produces small RR
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
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-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
BAL/USDT Double Break OutBAL/USDT has seen amazing bullish price action in the last week, increasing with almost 50%!
In the last 24 hours the price has both broken out from the channel and from the bullish triangle. Let's hope that these break outs will lead to more bullish action!
Seeing the size of the candles of the last couple of days, I'm confident we will see more of that in the near future. I've marked two areas of potential resistance, R1 and R2, where I expect the price to either consolidate or reverse. R1 based at the September high and R2 based at the round number of $30. If we're gonna see anything like an alt-season, this is a pair to keep your eyes on.
Happy trading!
XRP 2021 MOON PLAN EXPOSED😱(Altcoin daily analysis)XRP accumulation has gone on for over 2 years without a good price move to either the upside or the down side, In Nov 2020 XRP for the first time since June 2018 broke the market structure of 2years (bear trend) there by forming a reverse in the trend to a bullish market structure(Bull trend confirmed). New higher highs and new high lows are observed in high timeframe like the Weekly and Daily chart.
IF YOU FIND THIS POST IDEA HELPFUL, PLEASE KINDLY LIKE , COMMENT AND SUBSCRIBE(thanks for the support and love).
Parttern discovered and discussed in the video
UNI, I am lost in the patterns...Hi Community,
Here are my considerations on UNI since my last idea. I am basically lost in the charts and the patterns. Which one do you think UNI's price will follow:
the descending one (black), all the way down to 3.14$ or 2.50$?
the ascending one (red), all the way up to 5.60$?
or the descending triangle (blue), down to 2.80$, before (hopefully) breaking up again?
My gut feeling is that UNI can still break the upper resistance of the descending triangle and follow the red channel.
What's your opinion?
Comments and feedback are most welcome. Happy trading!
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Needless to say, this is not financial advice!
ADA/USDT (Cardano) SYMMETRIC TRIANGLE BREAKOUT#ADAUSDT (1h Chart) Technical Ananlysis Update
Symmetric Triangle
ADA/USDT currently trading at $0.68
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $0.182
Resistance level 2 (Targe ): $0.195
Resistance level 3 (Target ): $0.235
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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XRPUSDT (Ripple) Symmetric Triangle formation
Symmetric Triangle
XRP/USDT currently trading at $0.68
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $0.80
Resistance level 2 (Targe ): $1.00
Resistance level 3 (Target ): $1.20
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
Please Follow our Tradingview Account, Like, Share and Comment your thoughts